Turnover: £185.3m Profit per equity partner: £457K Earnings per partner: £390K Equity spread: £258K-£839K Net profit: £64.9m Profit margin: 35 per cent Revenue per fee-earner: £240K Revenue per lawyer: £287K Revenue per partner: £694K Revenue per equity partner: £1.25m Total number of fee-earners: 771 Total number of qualified partners: 646 Total number of partners: 267 Total number of equity partners: 148 Total number of female partners: 32 Total number of female equity partners: 13 Total number of staff: 1,331 Leverage ratio (equity partners/fee-earners): 1:3.4
INTERNAL PROMOTIONS 2006-07: Corporate 4, employment 2, tax 1, finance/projects 1, commercial 3, IP 5, real estate 2, private client 1 2005-06: Corporate 3, employment 2, IP 1, litigation 2, tax 1, real estate 3 2004-05: Corporate 2, IP 2, litigation 2
LATERALS 2006-07: Corporate 7, finance/projects 2, real estate 6, litigation/dispute resolution 3, IP 2, employment 2 2005-06: Corporate 9, real estate 6, IP 4, litigation 3, commercial 1 2004-05: Corporate 4, finance/projects 2, IP 3, real estate 1
Intake as percentage of partnership: 15.2 New female partners as percentage of intake: 14.6 Firms recruited from:Ashurst (Brussels), Hammonds (Munich and London), Linklaters, Norton Rose, Olswang, Shearman & Sterling Equity structure: 144 equity partners, 125 non-equity Practice area(s) most heavily promoted: Corporate, real estate, IP, employment *Figures supplied relate to the calendar year
The opportunities for Taylor Wessing assistants to enter the partnership continued to increase with 19 being promoted into the partnership in 2006-07, seven more than the previous year. However, the firm continues to favour laterals for its partner appointments, with seven and six partners moving into its core corporate and real estate teams respectively.
The firm’s appointments were mostly in the UK and Germany, but the Paris and Brussels offices gained new corporate and employment partners. Only one woman entered the partnership in the UK in 2006-07, while Germany fared a little better with three new female partners.